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Andreessen Horowitz

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Detailed view of a historic Polish bank facade with classic architectural columns.
NEWSAUG 11, 2026
Crypto-Friendly Erebor Bank Nears $1.5 Billion Raise at $9.5 Billion Valuation
Erebor Bank is in advanced talks to raise about $1.5 billion in fresh capital at a valuation of about $9.5 billion. The bank’s deposits climbed from $1.1 billion at the end of March to $4.6 billion by the end of July as it expanded services for crypto, artificial intelligence and defense-linked clients.
JPMORGANARTIFICIAL-INTELLIGENCEEREBOR-BANK